This year, we bid goodbye to four big-name K-pop girl groups - Kara, Rainbow, 4Minute, 2NE1. Contracts for several other K-pop groups are slated to end next year, and little is known if they will be renewed.

But fans of Girl's Day can heave a sigh of relief, for now.

The quartet of Sojin, 30, Hyeri, 21, Minah, 23, and Yura, 24, formed in 2010, will stay intact.

At a press conference yesterday, which included Girl's Day, Singapore-based company Elektromotive Group, which provides technology and engineering solutions, said it will be acquiring a 63 per cent stakein Girl's Day's management company Dream T Entertainment.